Drax Group (LON:DRX)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a GBX 725 ($11.61) target price on the stock. Citigroup Inc.’s price objective suggests a potential upside of 4.62% from the stock’s previous close.
Drax Group (LON:DRX) opened at 693.00 on Wednesday. Drax Group has a 1-year low of GBX 465.533 and a 1-year high of GBX 722.00. The stock’s 50-day moving average is GBX 686.1 and its 200-day moving average is GBX 622.7. The company’s market cap is £2.786 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at AlphaValue upgraded shares of Drax Group (LON:DRX) to a “reduce” rating in a research note to investors on Monday, September 16th. They now have a GBX 662 ($10.60) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Drax Group (LON:DRX) in a research note to investors on Friday, September 13th. They now have a GBX 770 ($12.33) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Drax Group (LON:DRX) from GBX 900 ($14.42) to GBX 938 ($15.02) in a research note to investors on Tuesday, September 10th. They now have a “conviction-buy” rating on the stock.
Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Drax Group presently has an average rating of “Buy” and an average price target of GBX 721.70 ($11.56).
Drax Group plc is the holding company of the Drax group of companies. The Company is engaged in the generation and sale of electricity and by-products of the electricity generation process at Drax Power Station, Selby, North Yorkshire and the sale of electricity to business customers by Haven Power Limited (LON:DRX).
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